Tired of spending a $1.50 per load to wash your clothes? Home ownership offers so many benefits, many we never think about, like the convenience of having your own washer/dryer at home.

But, lets consider the financial impacts as well. Think about this: when you rent, you are paying your landlord's mortgage. They're gathering wealth in appreciation and tax deductions, while you're doing time as a renter.

Let's calculate how much money you will spend in rent over 5 years:

RENT
CALCULATOR

1. What is your monthly rent?

$

2. What is your average annual
increase?
(How to calculate the % -if you pay $500
this year, and your rent increases $75 to
$575 next year - that's a 15% increase
because $75 / $500 = .15 =
15%)

When you are a homeowner, you can deduct the interest portion of your monthly mortgage payment and property taxes, which often equates into tax savings.

It's important to look at what your net after taxes monthly mortgage payment will be after you calculate your mortgage interest deductions. Many of our clients have found that their mortgage payment ended up being about the same as what they were paying for rent.

To find out exactly what your tax savings would be, we recommend that you speak to a reputable accountant.

Tired of spending a $1.50 per load to wash your clothes? Home ownership offers so many benefits, many we never think about, like the convenience of having your own washer/dryer at home.

But, lets consider the financial impacts as well. Think about this: when you rent, you are paying your landlord's mortgage. They're gathering wealth in appreciation and tax deductions, while you're doing time as a renter.

Let's calculate how much money you will spend in rent over 5 years:

RENT
CALCULATOR

1. What is your monthly rent?

$

2. What is your average annual increase?
(How to calculate the % -
if you pay $500 this year,
and your rent increases $75 to
$575 next year - that's a 15% increase
because $75 / $500 = .15 = 15%)

When you are a homeowner, you can deduct the interest portion of your monthly mortgage payment and property taxes, which often equates into tax savings.

It's important to look at what your net after taxes monthly mortgage payment will be after you calculate your mortgage interest deductions. Many of our clients have found that their mortgage payment ended up being about the same as what they were paying for rent.

To find out exactly what your tax savings would be, we recommend that you speak to a reputable accountant.